Thursday Forecast (November 3, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1511, which will be followed by moving up to resistance level 1.1661.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1511, which will be followed by reaching support level 1.1074.
Weekly Forecast (October 31 – November 4, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1438, which will be followed by reaching resistance level 1.1778 and 1.1965.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1438, which will be followed by moving down to support level 1.0937.
previous week forecast
Monthly Forecast, November 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1438, which will be followed by reaching resistance level 1.1965 – 1.2306.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1438, which will be followed by moving down to support level 1.0937 and 1.0392.
previous week forecast
